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Tiffany & Co. (NYSE:TIF) is having an incredibly strong day in the market today, and for good reason. The company reported its earnings for the most recent quarter before the opening bell. In the report, investors saw incredibly strong growth which blew away their expectations.

Today, we’ll talk about what we saw from the report, how the stock reacted to the news, and what I’m expecting to see from TIF ahead.

TIF Reports Strong Earnings

As mentioned above, Tiffany & Co. (NYSE:TIF) reported its earnings for the most recent quarter before the opening bell today, beating expectations in every sense. Here’s what we saw from the report…

– Revenue – In terms of revenue, TIF did overwhelmingly well. During the quarter, analysts expected that the company would report revenue in the amount of $923.7 million. The company actually reported revenue at $949.3 million. Not only did this blow away expectations, the figure actually showed growth in a quarter where revenue declines were expected.

– Earnings Per Share – When it comes to earnings per share, TIF definitely did not disappoint. During the quarter, analysts expected that he company would produce earnings in the amount of $0.67 per share. However, the company actually generated earnings in the amount of $0.76 per share. Not only did the company beat analyst expectations with regard to earnings, the figure increased by 4.5% year-over-year.

How The Stock Reacted To The News

As investors, one of the first things that we learn is that the news moves the market. Any time positive news is released with regard to a publicly traded company, we can expect to see gains. Of course, negative news will lead to declines. In this particular case, the news was overwhelmingly positive. During the quarter, analysts expected that the company would see year-over-year declines on all fronts. However, Tiffany & Co. generated year-over-year growth on all fronts. As a result, investors are rewarding the company by sending the value of the stock skyward. Currently (1:46), TIF is trading at $80.74 per share after a gain of $2.60 per share or 3.33% thus far today.

What I’m Expecting To See Ahead

Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from Tiffany & Co. At the end of the day, the company has done something incredible here. The past quarter has been a rough one on many in retail. However, regardless of the economic concerns and regardless of the traffic struggles the retail industry has seen as a whole, the company beat expectations by growing when everyone expected that it would take a dive.

As a result of this strong performance, I’m expecting Tiffany & Co. (NYSE:TIF) to see an incredibly strong holiday season as well. Considering this, I’m not only expecting to see short run gains on the news, I’m expecting that the stock has plenty of room to run in the long run as well! So, if you’re looking for a strong buy and hold stock, this may be just what you’re looking for.

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What Do You Think?

Where do you think TIF is headed moving forward? Join the discussion in the comments below!

Note: This post was originally published on ModestMoney.com. Check out their site for the latest investing news and analysis.